2 Financial Business Stocks Being Analyzed Prior to Earnings

SunTrust Banks, Inc. (NYSE:STI) will unveil its latest earnings on Friday, January 20, 2012. The average estimate of analysts is for net income of 27 cents per share, a rise of 17.4% from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 34 cents. Between one and three months ago, the average estimate moved down. It also has dropped from 31 cents during the last month. Analysts are projecting profit of $1.09 per share versus net loss of 18 cents last year.

The company has beaten estimates the last four quarters and is coming off a quarter where it topped forecasts by 4 cents, reporting net income of 39 cents per share against a mean estimate of profit of 35 cents per share.  On average, analysts predict $2.09 billion in revenue this quarter, a decline of 10.3% from the year ago quarter. Analysts are forecasting total revenue of $8.54 billion for the year, a decline of 1.8% from last year’s revenue of $8.7 billion.

Competitors to Watch: Wells Fargo & Company (NYSE:WFC), JPMorgan Chase & Co. (NYSE:JPM), KeyCorp (NYSE:KEY), PNC Financial Services (NYSE:PNC), Regions Financial Corp. (NYSE:RF), First Horizon National Corp. (NYSE:FHN), Citigroup Inc. (NYSE:C), Bank of America Corp. (NYSE:BAC), Cadence Financial Corp. (NASDAQ:CADE), and BB&T Corporation (NYSE:BBT).

First Horizon National Corp (NYSE:FHN) will unveil its latest earnings on Friday, January 20, 2012. The average estimate of analysts is for profit of 14 cents per share, a swing from a loss of 20 cents in the year earlier quarter. During the past three months, the average estimate has moved down from 16 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 14 cents during the last month. Analysts are projecting net income of 51 cents per share versus net loss of 22 cents last year.

The company missed estimates last quarter after beating forecasts in the prior two. In the third quarter, the company reported profit of 12 cents per share versus a mean estimate of net income of 16 cents per share. In the second quarter, the company beat estimates by 5 cents. On average, analysts predict $362.5 million in revenue this quarter, a decline of 7.8% from the year ago quarter. Analysts are forecasting total revenue of $1.46 billion for the year, a decline of 13.6% from last year’s revenue of $1.69 billion.

Competitors to Watch: Pinnacle Financial Partners (NASDAQ:PNFP), Bank of America Corp. (NYSE:BAC), SunTrust Banks, Inc. (NYSE:STI), Wells Fargo & Company (NYSE:WFC), Green Bankshares, Inc. (NASDAQ:GRNB), First Security Group, Inc. (NASDAQ:FSGI), PNC Financial Services (NYSE:PNC), Cadence Financial Corp. (NASDAQ:CADE), BancorpSouth, Inc. (NYSE:BXS), and BB&T Corporation (NYSE:BBT).